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Advance ZincTek (Advance ZincTek) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)


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What is Advance ZincTek Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Advance ZincTek's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.00 Mil. Advance ZincTek's average total debt for the quarter that ended in Dec. 2023 was $1.38 Mil. Therefore, Advance ZincTek's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.


Advance ZincTek Effective Interest Rate on Debt % Historical Data

The historical data trend for Advance ZincTek's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Advance ZincTek Effective Interest Rate on Debt % Chart

Advance ZincTek Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 3.43 4.49 2.63 4.19

Advance ZincTek Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.91 1.42 11.92 -4.58 -

Competitive Comparison of Advance ZincTek's Effective Interest Rate on Debt %

For the Chemicals subindustry, Advance ZincTek's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Advance ZincTek's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Advance ZincTek's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Advance ZincTek's Effective Interest Rate on Debt % falls into.



Advance ZincTek Effective Interest Rate on Debt % Calculation

Advance ZincTek's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2022 )+Total Debt  (A: Jun. 2023 ))/ count )
=-1  *  -0.068/( (1.784+1.461)/ 2 )
=-1  *  -0.068/1.6225
=4.19 %

where

Total Debt  (A: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.465 + 0.319
=1.784

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.117 + 0.344
=1.461

Advance ZincTek's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  0/( (1.461+1.289)/ 2 )
=-1  *  0/1.375
=0.00 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.117 + 0.344
=1.461

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.962 + 0.327
=1.289

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is two times the semi-annual (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Advance ZincTek  (OTCPK:ADVNF) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Advance ZincTek Effective Interest Rate on Debt % Related Terms

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Advance ZincTek (Advance ZincTek) Business Description

Industry
Traded in Other Exchanges
Address
1821, Ipswich Road, Rocklea, Brisbane, QLD, AUS, 4106
Advance ZincTek Ltd is a specialist developer and manufacturer of advanced materials. Its product range suits a wide variety of sunscreens and cosmetics and allows chemists and manufacturers to receive a product tailored to their needs and specifications.

Advance ZincTek (Advance ZincTek) Headlines